Global food import bill to reach record high

The United Nations Food and Agriculture Organization (FAO) said Thursday that the global food import bill is on the cusp of a new record of $1.8 trillion in 2022.

And the FAO stated that the global bill for food imports is expected to rise by $51 billion compared to the previous year.

“Many vulnerable countries incur more costs, but get less food, which is worrying. Both sub-Saharan Africa and net food-importing developing countries will see food costs increase despite the decrease in imports. and the low food costs despite the decrease in quantities.

These indicators are alarming from the perspective of food security, as they indicate that importers will find it difficult to finance the rise in international costs, which may lead to a decline in their ability to withstand higher prices.

The report expected that global production of the main cereals would decline in 2022 for the first time in 4 years, and at the same time their use at the global level would decline for the first time in 20 years.